First Bank provides various banking products and services to individuals, businesses, and governmental entities.
Flawless balance sheet and undervalued.
Share Price & News
How has First Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRBA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FRBA underperformed the US Banks industry which returned -25.2% over the past year.
Return vs Market: FRBA underperformed the US Market which returned 12.5% over the past year.
Price Volatility Vs. Market
How volatile is First Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StWhat Kind Of Investor Owns Most Of First Bank (NASDAQ:FRBA)?
3 months ago | Simply Wall StShould You Worry About First Bank's (NASDAQ:FRBA) CEO Salary Level?
3 months ago | Simply Wall StAt US$7.05, Is First Bank (NASDAQ:FRBA) Worth Looking At Closely?
Is First Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FRBA ($6.53) is trading below our estimate of fair value ($10.42)
Significantly Below Fair Value: FRBA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRBA is good value based on its PE Ratio (9.4x) compared to the US Banks industry average (9.6x).
PE vs Market: FRBA is good value based on its PE Ratio (9.4x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: FRBA is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: FRBA is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
How is First Bank forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRBA's forecast earnings growth (7.4% per year) is above the savings rate (2.2%).
Earnings vs Market: FRBA's earnings (7.4% per year) are forecast to grow slower than the US market (22.2% per year).
High Growth Earnings: FRBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRBA's revenue (4.5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: FRBA's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FRBA's Return on Equity is forecast to be high in 3 years time
How has First Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRBA has high quality earnings.
Growing Profit Margin: FRBA's current net profit margins (22.8%) are lower than last year (29.3%).
Past Earnings Growth Analysis
Earnings Trend: FRBA's earnings have grown significantly by 28.2% per year over the past 5 years.
Accelerating Growth: FRBA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRBA had negative earnings growth (-17.6%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).
Return on Equity
High ROE: FRBA's Return on Equity (6%) is considered low.
How is First Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FRBA's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: FRBA has a sufficient allowance for bad loans (152%).
Low Risk Liabilities: 93% of FRBA's liabilities are made up of primarily low risk sources of funding.
Loan Level: FRBA has an appropriate level of Loans to Assets ratio (84%).
Low Risk Deposits: FRBA's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: FRBA has an appropriate level of bad loans (0.7%).
What is First Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FRBA's dividend (1.84%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: FRBA's dividend (1.84%) is low compared to the top 25% of dividend payers in the US market (4.51%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FRBA has been paying a dividend for less than 10 years.
Growing Dividend: FRBA's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.3%), FRBA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Ryan (44 yo)
Mr. Patrick L. Ryan has been the Chief Executive Officer and President at First Bank since January 1, 2013. Mr. Ryan serves as Member of Community Depository Institutions Advisory Council at Federal Reserv ...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD799.47K) is above average for companies of similar size in the US market ($USD608.75K).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
|Executive VP||12.58yrs||US$281.43k||0.22% |
|Executive VP & Chief Lending Officer||11.75yrs||US$336.28k||0.14% |
|Chief Accounting Officer & First Senior VP||4.08yrs||no data||no data|
|First Senior VP & Chief Technology Officer||0.25yr||no data||no data|
|First Senior VP & Chief Administrative Officer||2.42yrs||no data||no data|
|VP & Compliance and Community Reinvestment Act Officer||no data||no data||no data|
|Senior VP & Chief Compliance Officer||no data||no data||no data|
|Senior Vice President & Human Resources Officer||no data||no data||no data|
|Senior VP & Market Executive||4.58yrs||no data||no data|
|Senior VP & Commercial Lending Relationship Manager||4.33yrs||no data||no data|
|First Senior VP & Northern New Jersey Regional President||4.58yrs||no data||no data|
Experienced Management: FRBA's management team is considered experienced (4.6 years average tenure).
|Independent Director||11.83yrs||US$55.00k||0.41% |
|Vice Chairman & Lead Independent Director||6.08yrs||US$85.00k||0.92% |
|Chairman of the Board||6.33yrs||US$150.00k||1.3% |
|Independent Director||3.33yrs||US$57.50k||0.058% |
|Independent Director||3.33yrs||US$50.00k||0.21% |
|Independent Director||11.83yrs||US$60.00k||0.21% |
|Independent Director||10.58yrs||US$55.00k||1.51% |
|Independent Director||4.33yrs||US$57.50k||0.23% |
|Independent Director||2.92yrs||US$50.00k||0.25% |
|Independent Director||1.33yrs||US$50.00k||0.088% |
Experienced Board: FRBA's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FRBA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.
First Bank's company bio, employee growth, exchange listings and data sources
- Name: First Bank
- Ticker: FRBA
- Exchange: NasdaqGM
- Founded: 2007
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$128.183m
- Shares outstanding: 19.63m
- Website: https://www.firstbanknj.com
Number of Employees
- First Bank
- 2465 Kuser Road
- Suite 101
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRBA||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Mar 2007|
First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, intere ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/03 00:30|
|End of Day Share Price||2020/07/31 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.